Westmark Group Holdings, Inc.
Exhibit 11 - Computation of Loss per Share
December 31, 1996 and 1995
1996 1995
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PRIMARY LOSS PER SHARE
Weighted average shares outstanding
all common shares ............................... 2271852 1082371
Common share equivalents net
additional shares for:
Options and warrants ............................ 98381 0
Preferred E shares ............................. 1290107 0
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Share basis - primary eps ....................... 3660340 1082371
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PRIMARY LOSS PER SHARE
Loss from continuing operations .................. (1.06) (6.75)
Extraordinary items .............................. 0.02 0.25
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Net loss per share ............................... (1.04) (6.50)
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FULLY DILUTED ADJUSTMENTS
Weighted average shares outstanding
all common shares and cse's ..................... 3660340 1082371
Net additional shares for convertible
debt ............................................ 2597000 --
Net additional shares for convertible
preferred ....................................... 1572200 --
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7829540 1082371
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F.D. ADJUSTMENTS TO INCOME:
Interest on convertible debt .................... 132700 0
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FULLY DILUTED LOSS PER SHARE
Loss from continuing operations .................. (0.48) (6.75)
Extraordinary items .............................. 0.01 0.25
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Net loss per share ............................... (0.47) (6.50)
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